Trendpattern
GOLD: Potential bullish consolidationFrom a technical perspective, if Gold triggers trendline breakout, another bullish consolidation is possible, and the price should approach the resistance area in the short term. At the same time, if the swing manages to maintain a support area, we do not exclude the development of a harmonic structure with a target around 2,000. At the moment, we are still below the trendline.
Trade with care
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Bullish Wedge pattern breakout in GLENMARKGLENMARK PHARMA LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 875+.
✅Can Go Long in this stock by placing a stop loss below 745-.
Cardano bullish idea.After taking a swing at the elusive $0.40 target last Wednesday (11/15/2023), ADA got a taste of rejection. But, true to form, the next day, Cardano dusted itself off, shrugged off the setback, and made a bloody good comeback.
Now, pay attention. Picture Cardano strutting back into the ring, ready to take on a new, formidable resistance level. The bulls are eyeing triumph, and breaking through? Well, that's the key to unlocking a potential surge in Cardano's overall value. I'm eyeing the $0.50 - $0.60 territory.
An Uptrend Divergence in Candlestick Pattern!The candlestick pattern indicates a divergence signal where the price closed above the MA20 line. The results in volume were minimal due to yet to cross above the MA20 line.
MACD and RSI indicators indicate a positive trend which aligned with the candlestick pattern.
Let's save SUNVIEW in WL and watch out for significant price movement where the result in volume exceeds the MA20 line.
R 0.800, 0.840
S 0.695
Reversal Broadening Wedge pattern in METROPOLISMETROPOLIS HEALTHCARE LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 1373-.
📈 There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 1160-.
📈 Can Go short in this stock by placing a stop loss Above 1720+.
stock telling what to dostock it, self-telling what can move except from that.
high-debt company
micro cap company
Market Cap
₹ 60.9 Cr.
Current Price
₹ 66.1
High / Low
₹ 71.8 / 38.2
Stock P/E
9.99
Book Value
₹ 37.8
Dividend Yield
0.00 %
ROCE
8.69 %
ROE
3.74 %
Face Value
₹ 10.0
Industry PE
31.1
EPS
₹ 6.63
Debt to equity
1.17
Price to book value
1.72
Debt
₹ 40.6 Cr.
EBIT
₹ 9.91 Cr.
Cash End
₹ 0.95 Cr.
Reserves
₹ 25.6 Cr.
Quick ratio
0.63
Current ratio
1.18
PEG Ratio
NPM last year
0.59 %
OPM
5.95 %
CMP / FCF
10.2
Intrinsic Value
₹ 74.2
Return on assets
1.00 %
EV / EBIT
10.1
no recommendation from me to buy or sell
BANKNIFTY MUHURT TRADING SETUP -HAPPY DIWALI 2023Happy Diwali To Everyone. On This Muhurat Trading session, If banknifty starts trading above 44050 level then expected strong upside bullish rally upto 44450+ level. If banknifty trade below 43950 level then Downside rally upto 43550 for today's session. Session will be higher volatile so trade strictly with less lot size.
XAUUSD: Fed Chairman: No signs of interest rate cuts in the shorPatrick Harker, President of the Philadelphia Fed, stated:
At the most recent FOMC meeting, supported a steady interest rate approach.There are no immediate plans by the Fed to lower interest rates, so they will remain high for longer.It's time to evaluate the effects of previous interest rate rises.Depending on the statistics, the Fed may decide to raise or maintain interest rates in the future.A better equilibrium is being reached in the labor market.In 2024, the unemployment rate will increase to 4.5% before declining.Assured of a gentle landing
Though not yet in a recession, growth may slow
After steadily declining to 3% in 2024, inflation drops to 2%.
TONUSDT Prediction (2H)This is my prediction for TONUSDT.
In 1W chart, we see the price has fully recovered from its continuous decline, making a V shape.
We then see the price goes down again, yet this time it is supported by the key price of 1.9286 and bounces back up.
I expect the price to reach the price of 2.3781 soon.
#NIFTY Intraday Support and Resistance Levels - 07/11/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19400 level and then possible downside rally up to 19280 in today's session. in case nifty trades above 19420 level then the upside target can go up to the 19540 level.
XLMUSDT.P Price analysis (2H)
I'm no expert in trend analysis by any means and this is NOT a trade signal!
I still have a long way to go, but wanted to share my thoughts on XLMUSDT.P today and maybe get some feedbacks.
XLMUSDT.P is in an uptrend, and my analysis is that the uptrend will continue until the price reaches the resistance level (marked as a black line in the image) which has a history of price reacting to it in numerous occasions according to the D1 and W1 charts.
Breath of fresh air for Reliance IndustriesAfter being in a constant downtrend, market forces seem to be pushing Reliance up from the low few swings that had upmove trapped. Breaking the sloping trend line, the stock can be seen heading towards a new trend that may also direct the Indexes towards a new Bull run. Always good to wait & watch than be taken down in the opposite swing.
Descending Triangle Pattern Reversal in SRFSRF LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Descending Triangle Pattern.
📊 It can give movement upto the Reversal target of Above 2405+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 2890+.
📊 Can Go Long in this stock by placing stop loss below 1930- or last swing Low.
GOLD - Gold selling strategyGold price on Kitco closed last week's trading session at 1,992 USD/ounce.
Investors' worries about the Israel-Hamas conflict still exist, but that cannot help gold prices surpass the threshold of 2,000 USD/ounce. It is because the gold price cannot surpass this important threshold that has caused market psychology to become cautious.
Some analysts believe that gold prices are being hindered by the price level of 2,000 USD/ounce. If gold prices are consolidated in the near future, the precious metal price may soar to a new all-time high.
Commodity analysts say that geopolitical factors are having a major impact on gold and that as concerns subside, the precious metal's safe-haven appeal will be reduced.
According to Tastylive.com expert Christopher Vecchio, safe haven purchasing power thanks to the geopolitical crisis is being depleted. While geopolitical conflict can provide trading impetus for gold, it does not have a long-term effect.
A Significant Price Movement!Recent price movement action contributes to resulting in high volume. The price closed above the MA line indicating buying interest with TEXCHEM.
The MACD indicator indicates a positive signal, hence, confirming the price movement with volume.
A precaution with an RSI indicator where high momentum indicates the stock is in an overbought state.
Let's save TEXCHEM in WL and watch out for price movement towards R2.
R 1.25
S 0.80
Reversal Rising Wedge pattern in COLPALCOLGATE PALM (INDIA) LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Rising Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 2030-.
📈 There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 1900-.
📈 Can Go short in this stock by placing a stop loss Above 2200+.